intelligent, fast and friendly
Dolphin Group ASA (Ticker: DOLP) is the parent company of Dolphin Geophysical AS, a global full-range, asset light supplier of marine geophysical services. Dolphin operates a fleet of new generation, high capacity seismic vessels and offers contract seismic surveys, Multi-Client projects and processing services on a worldwide basis.
COMPANY NEWS
Polar Duchess in steady production in the Barents Sea
Bergen, Norway, April 17, 2012 -- Dolphin Group ASA (OSE: DOLP)
Dolphin Geophysical is pleased to announce that the new high capacity 3D vessel, Polar Duchess, entered into steady production for TGS in the Barents Sea on the 14th April. The 6 months contract has been announced previously. The vessel is chartered on an initial 3 year time-charter from Armada Seismic from 6th April 2012, with Dolphin options to further extend the charter with an additional 8 years.

Our second large 3D vessel, Polar Duke, is expected to complete our first 3D Multi-Client project in Senegal during first half of May. The vessel will then be relocated to the Barents Sea to start a previously announced 3D contract. The vessel was originally scheduled for exclusive contract in South America, however Dolphin was not in a position to extend the letter of award, due to uncertainty related to contract start-up.

Polar Duke is currently marketed in the North Sea region with July availability.

For further information please contact:

Atle Jacobsen, CEO
Mobile: +47 97 71 53 36
E-mail: atle.jacobsen@dolphingeo.com

Erik Hokholt, CFO
Mobile: +47 90 75 60 64
E-mail: erik.hokholt@dolphingeo.com


Dolphin Group ASA
Helsfyr Atrium
Innspurten 15
0663 OSLO

Tel: +47 23 16 70 00
Fax: +47 23 16 71 80

www.dolphingroup.no

www.dolphingeo.com

Dolphin Group ASA has two main business areas; Dolphin Geophysical AS and Dolphin Interconnect Solutions AS. Dolphin Geophysical is a global full-range, asset light supplier of marine geophysical services and operates a fleet of new generation, high capacity seismic vessels and offers contract seismic surveys and multi-client projects worldwide. Dolphin Interconnect is a global supplier of high performance solutions (hardware- and software) for the server and embedded systems market. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).

Company News Exhibitions and Roadshows Email Newsletter sign-up Multi-Client news
Site map Privacy and cookies Register here to receive Dolphin's COMPANY
NEWS
releases relating to commercial and operational developments